Aeropostale Seeks to Auction Assets

Aeropostale filed for bankruptcy (Chapter 11) back on May 4, 2016 in Manhattan. The teen retail company listed $390 million in debt as well as $354 million in assets in their petition. On July 15, 2016, Aeropostale stated in court papers that is “preparing to sell all its assets and may bring claims against the private equity firm it said drove it into bankruptcy.”

To read Bloomberg’s article, click here.

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